The All Progressives Congress (APC) in Ekiti State has expressed concern over the alleged refusal of Governor Ayo Fayose to sustain the state investment in Warm Springs Water Limited.
The party rued the imminent collapse of the company which was floated by the Adeniyi Adebayo administration in partnership with United African Company (UAC) Limited. The company produces the popular Gossy Water.
APC Publicity Secretary, Taiwo Olatunbosun, in a statement on Thursday lamented that the policies of the Fayose administration has been driving investors away from the state.
Olatunbosun said the imminent collapse of the company was an evidence Fayose’s neglect of government enterprises that have potentials to generate jobs for Ekiti people.
It was learnt that the board of Warm Spring Waters Limited had given liquidation notice to stakeholders, citing failure of the company to pay its debts and other challenges.
Olatunbosun cited the closure of GTB, Ecobank and Coca Cola over their alleged refusal to surrender their corporate social responsibility cash to Fayose as reasons why they were forced out of the state.
Olatunbosun said the latest on the list of the shut down businesses would be Gossy Water to be liquidated at the extra ordinary general meeting of the company on February 6th, 2018.
“One major reason for the winding up of the company is the unfavourable business environment such that there was no electricity supply to the company to run effectively for three years, including the non-patronage of the company’s product by Fayose’s administration because the company was the initiative of his predecessor.